Wrapping up a business requires more than just putting a closed sign on the window. In order to avoid complications, you need to file appropriate final tax returns for the business to let state and ...

The balance sheet is one of a company's most important financial statements, because it gives investors a snapshot of the company's financial health at any given moment in time. Essentially, it is a ...

Balance sheets consist of assets, liabilities, and shareholders' equity, revealing financial health. Shareholders' equity equals assets minus liabilities and reflects theoretical investor value if a ...

Tax Payable is a liability account that represents the payroll, sales and other taxes that you owe but for which you have not issued payment. This liability account provides an avenue to recognize the ...

Corel Corp. said Friday that it has restated its final balance sheets for three consecutive years, but the move is simply an accounting measure related to the company's 1996 acquisition of Novell Inc.

Both involve a company’s finances, but their differences are significant Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Gordon ...